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Ford’s choice for electric vehicle production in Europe has been revealed

He preferred Spain for Ford’s electric vehicle production.

Ford of Europe President Stuart Rowley told reporters that Ford has chosen Valencia for electric vehicle production in Europe.

According to the news in Bloomberg HT; Saying that fewer employees are needed for electric vehicle production, Rowley stated that there will be serious layoffs in its operations in Germany and Spain.

Rowley stated that the Focus model will continue to be produced in Germany until 2025.

In the statement made by the company, it was noted that Ford continues the 2 billion dollar transformation to be made in Cologne, Germany for the production of electric vehicles and that the operation will start in 2023 for vehicle production.

TAKEOVER APPROVED

It is stated that the company plans to sell 600,000 electric vehicles annually in Europe until 2026.

On the other hand, the EU has approved Ford Otosan’s takeover of Ford Romania.

Ford Otosan Netherlands BV, a 100% subsidiary of Ford Otomotiv Sanayi A.Ş., signed a contract to purchase all Ford Romania shares.

While it is foreseen that a total of 575 million euros will be paid between 2022 and 2028 for all Ford Romania shares, an additional payment of up to 140 million euros will be made in 2028, the amount of which will be determined depending on the capacity utilization rate of the Romanian plant for the years 2028-2034.

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